New South Wales Consolidated Acts

TRANSPORT ADMINISTRATION ACT 1988 - SECT 19T

19T Dividends

(1) The voting shareholders of Rail Infrastructure Corporation, in consultation with the board, are to determine the Rail Infrastructure Corporation’s share dividend scheme.

(2) The dividends to be paid by Rail Infrastructure Corporation are to be declared by the board in accordance with the share dividends scheme so determined.

(3) The provisions of section 20S (1) of the State Owned Corporations Act 1989 do not apply to Rail Infrastructure Corporation.

(4) Rail Infrastructure Corporation is not required to comply with this section, or section 20S of the State Owned Corporations Act 1989 , after 1 July 2004.